Most of the world prices goods, services, and labour in fiat terms.

As the currency supply expands, prices rise.

Wages lag behind.

The gap widens over time.

This distorts the concept of fair value.

People trade finite time and energy for a unit that steadily loses purchasing power. The loss is not always visible, but it is cumulative. Productivity improves, technology advances, yet the currency measures less of both.

Price inflation is often blamed on greed or shortages. In reality, much of it is a reflection of the measuring unit deteriorating.

#Bitcoin exposes this distortion.

When Bitcoin is used purely as a store of value after converting from fiat, it is treated as an investment. That is a rational response within a fiat system, but it is not the full design intent.

Bitcoin was not created to be a speculative asset.

It was created to be a stable monetary unit.

When value is stored in a unit that does not dilute, prices fall as productivity improves. Purchasing power rises without requiring higher nominal wages. Fair value re-emerges because the measuring stick remains constant.

The distinction matters.

If Bitcoin is only bought with fiat and never earned or spent, it behaves like an asset.

If Bitcoin is earned, saved, and spent, it functions as money.

This is why circular economies matter. Not for ideology, but for measurement.

Fair value cannot exist when the unit of account is unstable.

Sound money is not about getting rich.

It is about preserving time, energy, and truth in pricing.

Bitcoin makes that possible.